Almt Legal

Speaking to CNBC-TV18 Aliff Fazelbhoy, Senior Partner at ALMT Legal, said that the PM‘s speech over the weekend on tax was uncalled-for.

Banks have no claim on overseas assets, says Mallya

In the affidavit Vijay Mallya said, as he is a Non-Resident Indian (NRI) he is not obliged to disclose overseas assets and seeks to file details of assets in a sealed cover.

Should Real Estate Bill be applicable to ongoing projects?

Experts such as Rohit Raj Modi, vice-president, CREDAI, and Hitesh Jain, senior partner, ALMT Legal, debate on whether the Real Estate Regulator Bill should be applicable to ongoing projects. The duo also touch upon various other controversial points of the Bill

Here‘s how the newly proposed rental act will affect you

Watch the interview of Ashutosh Limaye of JLL India and Aliff Fazelbhoy of ALMT Legal with Sumaira Abidi on CNBC-TV18, in which they shared their reading and outlook on proposed rental laws in Maharashtra and property in general.

Discoms likely to seek stay on CAG audit by SC: Hitesh Jain

Hitesh Jain believes DISCOMs will go to Supreme Court and seek a stay as they are private companies and their accounts are not to be audited by any government entity.

Two year GAAR deferral good news, says ALMT Legal

The general anti-avoidance rules will now apply as Dr Shome had said from the year 2016-2017 and it will not apply to Foreign Institutional Investors (FIIs) and Non Resident Indians (NRIs). In an interview to CNBC-TV18, Aliff Fazelbhoy of ALMT Legal said that it will increase FII investment through GAAR.

Companies Bill: CSR is almost mandatory, says ALMT Legal

In an interview to CNBC-TV18, Hitesh Jain, partner at ALMT Legal speaks about the Companies Bill and gives his outlook going forward.

ALMT Legal appointed legal adviser for NMDC disinvestment

The government has appointed leading law firm ALMT Legal, Advocates & Solicitors as legal adviser for selling its 10 per cent stake in the country's largest iron ore miner NMDC.

GAAR: Onus of proof on revenue encouraging, says ALMT Legal

Aliff Fazelbhoy, partner - tax, M&A and employment, ALMT Legal gives a detailed analysis on the draft guidelines released by the finance ministry which would exempt foreign institutional investors if they refrain from routing money to India via tax shelters.

Tax Relief to Software industry

The Indian Government has issued a notification on 13 June 2012, pursuant to which tax will no longer be deducted on multi-level software payments made to a resident, subject to certain conditions.

Cement cos likely to contest CCI order: ALMT Legal

The Competition Commission of India (CCI) may give an order on cement cartel today. In an interview to CNBC-TV18, Hitesh Jain, partner, ALMT Legal says, it is going to be a protracted litigation. According to him, cement companies are likely to contest CCI order.

FM could have done more on GAAR: ALMT Legal

In an interview to CNBC-TV18, Aliff Fazelbhoy, partner-tax, M&A and employment of ALMT Legal says, whilst the FM has done a lot of good things, there is some confusion; he could have done more on the GAAR.

Experts on GAAR: Need clarity on tax evasion & tax planning

Foreign portfolios in India have been left shaken on implementation of certain provisions in the General Anti-Avoidance Rules (GAAR) by Income-Tax officials. The fear that FIIs will start pulling money out of India has left the market in turmoil.